Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) are now being referred to as “FANG,” and they are sharpening their teeth in this volatile market. The four Internet giants are leading the market’s rally as they have now clawed their way back from this week’s sell-off, erasing all of their losses from the last several sessions. Facebook was up 1.6% in above-average volume in the stock market today. It’s nearing its 50-day line and is
Google (GOOGL) has officially denied charges made by the European Commission in April that the No. 1 search engine operator is violating antitrust laws in Europe, setting the stage for a high-stakes, drawn-out duel. Mountain View, Calif.-based Google said the commission lacked any economic or legal basis for the allegations from the European Commission, the executive body of the European Union. In April, the EU Commission had charged that Google
Amazon (AMZN) is taking its streaming video rivalry with Netflix (NFLX) to Japan, announcing late Wednesday that it will launch Prime Instant Video next month. Netflix had said earlier this month that it would launch in Japan on Sept. 2. Meanwhile, Amazon reportedly is scaling back its hardware efforts after its Fire smartphone last year failed to make a dent vs. the Apple (AAPL) iPhone and Google (GOOGL) Android devices. Amazon, which has